CBSE Class 12 Accounting Ratios Multiple Choice Questions with Answers. MCQ Questions Class 12 Accounting Ratios with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 12 Accounting Ratios with Answers to know their preparation level.
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MCQ Questions Class 12 Accounting Ratios with Answers - Set - 2
Question 1:
What does Creditors Turnover Ratio take into account:
(a) Total credit purchases
(b) Total credit sales
(c) Total cash sales
(d) Total cash purchases
Correct Answer – (A)
Question 2:
Debtors Turnover Ratio :
(a) Debtors / Cost of sales
(b) Debtors / Sales
(c) Net Credit Sales / Average Trade Recievable
(d) DAvrage Stock / Sales
Correct Answer – (C)
Question 3:
The term fixed assets include :
(a) Cash
(b) Machinery
(c) Debtors
(d) Prepaid Expenses
Correct Answer – (B)
Question 4:
The following groups of ratios primarily measure risk
(a) Liquidity, activity and profitability
(b) Liquidity, activity and common stock
(c) Liquidity, activity and debt
(d) Activity, debt and profitability
Correct Answer – (D)
Question 5:
Which of the following is an operating’ income ?
(a) Sale of Merchandise
(b) Interest Income
(c) Dividend Income
(d) Profit on the sale of old car
Correct Answer – (A)
MCQ Questions Class 12 Accounting Ratios With Answers
Question 6:
When opening stock is ₹ 50,000 closing stock ₹ 60,000 and cost of goods sold is ₹ 2,20,000, then stock turn over ratio is:
(a) 2 times
(b) 3 times
(c) 4 times
(d) 5 times
Correct Answer – (A)
Question 7:
Ratio based on figures of profit & loss as well a the Balance sheet are:
(a) Profitability Ratios
(b) Operation Ratio
(c) Liquidity Ratio
(d) Composite Ratio
Correct Answer – (D)
Question 8:
To know the return on investment, by capital employed we mean:
(a) Net Fixed Assets
(b) Current Asset-Current Liabilities
(c) Gross Block
(d) Fixed Assets + Current Assets-Current Liabilities
Correct Answer – (D)
Question 9:
Which of the following non-operating expense?
(a) Rent
(b) Selling Expenses
(c) Wages
(d) Loss on Sale of Machinery
Correct Answer – (D)
Question 10:
Operating Ratio is:
(a) Profitability Ratio
(b) Activity Ratio
(c) Solvency Ratio
(d) None of these
